12 Jan '11, 1pm

Opportunities galore with land swop deal

SINGAPORE: The historic agreement between Malaysia and Singapore to settle a long-standing railway land swop issue will open up new property development opportunities in Singapore and Iskandar Malaysia, said DTZ Research. For Singapore, the reversion of the railway land will enable the authorities to amalgamate the track land with adjacent sites and bring about more optimal use of the land, a DTZ report said. However, DTZ said most of these sites will not be developed upon immediately as some of the adjacent lands are already in use, and that there is no urgency to develop the large tracts of vacant land next to the tracks. The property consultant added that the railway station site at Tanjong Pagar has the greatest redevelopment potential given its size and the government's plans for that district. This includes newly completed and in-the-pipeline offices, hotels and apar...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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